Premier League has charged LCFC with an alleged breach of PSR

[Pliskin]

18 hours ago, Sky Blues said:

I don't want promotion. I don't want to be in the Prem. I'm going to miss the quality of the games if we go up. Trying to stay in the Prem is what did us last time. At least we'll only be gone for 9 months. 

Quality is definitely the wrong word. Entertaining could probably the word at a push…. 
 

This league is horrific, the standard is so bad, sometimes I genuinely can’t watch it, I’d rather go and watch my local team down the park. 
 

Promotion could work wonders for you, you say you don’t want to go up, but look at Fulham, Bournemouth, Brentford, Brighton! 
 

Why would you not want a shot at that? And if you play your cards right, bouncing around the divisions can work in your favour going forward. 
 

Trust me, if you go up, and do well enough to stay up you won’t be saying you want to be back in this league…. Trust me this league is like purgatory it’s neither here or there, watching your team get turned over by QPR is not my idea is fun.
 

Trust me, the last decade we’ve had, we’ve seen some incredible football, we’ve taken apart the “biggest” teams in the country / Europe, once you’ve had a taste of that, you’ll want to stay there.
 

Admittedly I don’t know much about your board at the moment, but if you have a half competent one, with ambition there’s no reason you can’t follow in the footsteps of the aforementioned clubs.
 

You should know, you’ve been the pits yourselves, it’s not great, we’re heading back there now, and **** me I wish we weren’t.   

 

 

[Manley Farrington-Brown]

19 hours ago, Sky Blues said:

I don't want promotion. I don't want to be in the Prem. I'm going to miss the quality of the games if we go up. Trying to stay in the Prem is what did us last time. At least we'll only be gone for 9 months.

Bang on.

The whole Prem experience is a load of crap. And unless you get a couple of decent seasons of being in the mix for Europe (or you get the #bestseasonever and win the bloody thing) it's miles less fun than the Championship.

 

Winning the Premier League beats winning the Championship as an experience.

And relegation from the Prem isn't as awful as relegation from the Championship.

But if you're in any of the positions in between, the Championship is way better.

[Chelmofox]

31 minutes ago, Manley Farrington-Brown said:

Bang on.

The whole Prem experience is a load of crap. And unless you get a couple of decent seasons of being in the mix for Europe (or you get the #bestseasonever and win the bloody thing) it's miles less fun than the Championship.

 

Winning the Premier League beats winning the Championship as an experience.

And relegation from the Prem isn't as awful as relegation from the Championship.

But if you're in any of the positions in between, the Championship is way better.

Can you explain to me what this fun is?

[HankMarvin]

39 minutes ago, Manley Farrington-Brown said:

The whole Prem experience is a load of crap

Subjective, tell that to Sunderland fans of late, or Brighton, Palace, Brentford, and Bournemouth fans who have shown steady improvements year on year.

It’s shit if your not competitive, probably the same how Luton fans felt in the Championship after getting relegated from the Prem 

Edited 5 January by HankMarvin

[Wink84]

Heard a rumour Top wants to go get relegated to League Two, so we win the league and be the first club to win the Premier League, Championship, League One and League Two.

 

Trust the process.

[Sky Blues]

23 hours ago, Finnegan said:

 

Did you not hold some absolutely hilarious record for going X many years without featuring in the top six of any league? 

 

Just a very long, slow melt downwards? 

 

Think it was 46 years without a top 6 finish....then we got 6th place 😂

[Claudio Fannieri]

Deleted 

Edited 5 January by Claudio Fannieri

[Hitesh]

8 minutes ago, Claudio Fannieri said:

Deleted 

Is that what the EFL are trying to punish us with...Delete the club?

[Ian Nacho]

Surely we should be hearing something soon. Disgusting that it's able to go on for so long and we essentially don't know how many points we're on. 

[Claudio Fannieri]

I am still struggling to get my head around what a complete and utter clusterfcuk we managed to make of the whole PSR thing and above all that how, how anyone involved could morally sit there and actually thing to even stay within the boundaries of PSR that to lose £105m in a 3 year period was acceptable or sound business sense is absolutely beyond me. 
 

And yet not only did we do that we actually breached by losing nearly double that amount, there was no demonstration of one iota of business acumen or responsibility. It was literally like people were playing a game of football manager, gambling the entire future of our club. 
 

We paid wages well above our means, in what other world does a business operate with a wage bill over 100% of its turnover, we budgeted that we had to secure European football, we got relegated.

 

Our recruitment became lazy, stale and reliant on paying way over the odds to attract rank average players. Our commercial and sponsorship revenue largely underpinned by deals with betting/crypto companies such as FBS, Pari Match, BC Game and the ill fated K Bet. 
 

It was a recipe for disaster and eventually financial meltdown as at some point if not already the case, the cash reserves run dry. What this has demonstrated is a complete lack of robust budgeting, forecasting or planning, we continually blow every available penny we have in the summer, we rarely have any contingency plans in place regards having budget set aside for a managerial change or for the winter transfer window. 
 

in the 23/24 accounts our cash in bank had reduced by £1m from the previous season, so effectively we were burning £20k per week to keep the club operating day to day. It will be interesting to see what the cash reserves were at the end of the 24/25 accounting period because if this has reduced significantly again then it would explain some of the decisions/issues of recent weeks and suggest that the club is now having to really manage cash flow to try and manage its commitments and running costs. 

Edited 7 January by Claudio Fannieri

[VLC86]

2 hours ago, Claudio Fannieri said:

I am still struggling to get my head around what a complete and utter clusterfcuk we managed to make of the whole PSR thing and above all that how, how anyone involved could morally sit there and actually thing to even stay within the boundaries of PSR that to lose £105m in a 3 year period was acceptable or sound business sense is absolutely beyond me. 
 

And yet not only did we do that we actually breached by losing nearly double that amount, there was no demonstration of one iota of business acumen or responsibility. It was literally like people were playing a game of football manager, gambling the entire future of our club. 
 

We paid wages well above our means, in what other world does a business operate with a wage bill over 100% of its turnover, we budgeted that we had to secure European football, we got relegated.

 

Our recruitment became lazy, stale and reliant on paying way over the odds to attract rank average players. Our commercial and sponsorship revenue largely underpinned by deals with betting/crypto companies such as FBS, Pari Match, BC Game and the ill fated K Bet. 
 

It was a recipe for disaster and eventually financial meltdown as at some point if not already the case, the cash reserves run dry. What this has demonstrated is a complete lack of robust budgeting, forecasting or planning, we continually blow every available penny we have in the summer, we rarely have any contingency plans in place regards having budget set aside for a managerial change or for the winter transfer window. 
 

in the 23/24 accounts our cash in bank had reduced by £1m from the previous season, so effectively we were burning £20k per week to keep the club operating day to day. It will be interesting to see what the cash reserves were at the end of the 24/25 accounting period because if this has reduced significantly again then it would explain some of the decisions/issues of recent weeks and suggest that the club is now having to really manage cash flow to try and manage its commitments and running costs. 

I honestly think the “how” is very simple. I genuinely think we thought it would never be enforced and by that point, you are 3 years into it and ****ed for the entire time.

 

Top thought everything would keep running as it was- take out loans against Prem money, clear them with KPs profits every couple of years and take us back to zero. Now we can’t do that because of PSR, KPs financial position and his dwindling influence within KP so we are in trouble.

[LCFCJohn]

2 hours ago, Claudio Fannieri said:

I am still struggling to get my head around what a complete and utter clusterfcuk we managed to make of the whole PSR thing and above all that how, how anyone involved could morally sit there and actually thing to even stay within the boundaries of PSR that to lose £105m in a 3 year period was acceptable or sound business sense is absolutely beyond me. 
 

And yet not only did we do that we actually breached by losing nearly double that amount, there was no demonstration of one iota of business acumen or responsibility. It was literally like people were playing a game of football manager, gambling the entire future of our club. 
 

We paid wages well above our means, in what other world does a business operate with a wage bill over 100% of its turnover, we budgeted that we had to secure European football, we got relegated.

 

Our recruitment became lazy, stale and reliant on paying way over the odds to attract rank average players. Our commercial and sponsorship revenue largely underpinned by deals with betting/crypto companies such as FBS, Pari Match, BC Game and the ill fated K Bet. 
 

It was a recipe for disaster and eventually financial meltdown as at some point if not already the case, the cash reserves run dry. What this has demonstrated is a complete lack of robust budgeting, forecasting or planning, we continually blow every available penny we have in the summer, we rarely have any contingency plans in place regards having budget set aside for a managerial change or for the winter transfer window. 
 

in the 23/24 accounts our cash in bank had reduced by £1m from the previous season, so effectively we were burning £20k per week to keep the club operating day to day. It will be interesting to see what the cash reserves were at the end of the 24/25 accounting period because if this has reduced significantly again then it would explain some of the decisions/issues of recent weeks and suggest that the club is now having to really manage cash flow to try and manage its commitments and running costs. 

Yeah but other than all that, what have they done wrong? 

 

Only team to break the rules and get so much worse though. Achievements are achievements 

[Claudio Fannieri]

Forest look to be increasing the capacity at the city ground, costs are not included in PSR calculation and will generate significant additional revenue. 
 

As much as Seagrave is an amazing facility with hindsight it was a massive error to sink so much cash into something that doesn’t offer any tangible opportunity to increase commercial / matchday revenue. We massively missed a trick not developing the KP when we had the chance.

 

Seagrave was a massive investment and it’s massively impacted our ability to trade moving forward and the investment isn't delivering a return to justify the outlay. 

[Chelmofox]

54 minutes ago, Claudio Fannieri said:

Forest look to be increasing the capacity at the city ground, costs are not included in PSR calculation and will generate significant additional revenue. 
 

As much as Seagrave is an amazing facility with hindsight it was a massive error to sink so much cash into something that doesn’t offer any tangible opportunity to increase commercial / matchday revenue. We massively missed a trick not developing the KP when we had the chance.

 

Seagrave was a massive investment and it’s massively impacted our ability to trade moving forward and the investment isn't delivering a return to justify the outlay. 

Would have made a massive differently to be say in a 40k stadium on Monday.

 

Used properly, Seagrave will provide long term value for us.

[Claudio Fannieri]

1 hour ago, Chelmofox said:

Would have made a massive differently to be say in a 40k stadium on Monday.

 

Used properly, Seagrave will provide long term value for us.

I agree if used properly problem is based on current evidence I am not sure the current decision makers are capable of making good decisions to deliver long term value for us. 
 

If we stay in the champ or worse still drop into league 1 I don’t think having a big shiny training ground will be enough to attract the very best of young talent. 
 

It would be like taking Harrods and filling it full of tat, it may look great from the outside but you wouldn’t have any desire to go in and buy anything. 

[kenny]

1 hour ago, Chelmofox said:

Would have made a massive differently to be say in a 40k stadium on Monday.

 

Used properly, Seagrave will provide long term value for us.

This was the thinking before youth players were asset stripped before they become valuable.

 

If nyoni and noboussie had been sold for £20m each then it looks shrewd. When they are taken for £1-2m each so they can be sold by their new club for that figure it doesn't look as good.

[Wink84]

2 hours ago, Claudio Fannieri said:

Forest look to be increasing the capacity at the city ground, costs are not included in PSR calculation and will generate significant additional revenue. 
 

As much as Seagrave is an amazing facility with hindsight it was a massive error to sink so much cash into something that doesn’t offer any tangible opportunity to increase commercial / matchday revenue. We massively missed a trick not developing the KP when we had the chance.

 

Seagrave was a massive investment and it’s massively impacted our ability to trade moving forward and the investment isn't delivering a return to justify the outlay. 

Probably pushed through because it was part of Vichai’s vision 

[ClaphamFox]

On 05/01/2026 at 23:29, Ian Nacho said:

Surely we should be hearing something soon. Disgusting that it's able to go on for so long and we essentially don't know how many points we're on. 

I was curious so I checked. Everton's first PSR hearing was held between 16-20 October 2023 and their initial 10-point deduction was handed out on 17 November—exactly four weeks after the hearing concluded. Everton's second PSR hearing was held between 25-27 March 2024 and their punishment was announced on 8 April, around two weeks later.

 

Forest's hearing was held between 7-8 March 2024 and their four-point deduction was announced on 18 March, 10 days later.

 

Our hearing concluded seven weeks ago and we still haven't heard the outcome. Now obviously we've had Christmas and New Year during that time, which may account for some of the delay. But I don't think it can account for all of it. Is our case proving to be more complicated than the others? Are there complex legal discussions taking place over the wording of the rules and therefore the appropriate punishment? I have no idea but I'm interested to know why the verdict in our case is taking much longer to arrive than in previous cases.

Edited 9 January by ClaphamFox

[ParkerPen]

On 05/01/2026 at 14:23, Wink84 said:

Heard a rumour Top wants to go get relegated to League Two, so we win the league and be the first club to win the Premier League, Championship, League One and League Two.

 

Trust the process.

Give Andy King enough games to get a League 2 medal

[AKCJ]

On 07/01/2026 at 18:39, Claudio Fannieri said:

Forest look to be increasing the capacity at the city ground, costs are not included in PSR calculation and will generate significant additional revenue. 
 

As much as Seagrave is an amazing facility with hindsight it was a massive error to sink so much cash into something that doesn’t offer any tangible opportunity to increase commercial / matchday revenue. We massively missed a trick not developing the KP when we had the chance.

 

Seagrave was a massive investment and it’s massively impacted our ability to trade moving forward and the investment isn't delivering a return to justify the outlay. 

 

Seagrave was always a long term strategy to mop up the great talents the midlands has to offer. Monga, Evans, Page, Aluko, Hutchinson etc are all products of an academy that we might not have had without Seagrave.

 

I think if you give Seagrave to a competent DoF with a real vision of how Leicester City should behave, the sort of players we should sign, the style of play we should aspire to etc then I think you'd see us get back to being a consistent top half Premier League team.

 

Seagrave has never been an issue. The issue has always been Rudkin who is too incompetent to properly manage the running of the club and Aiyawatt who is too lazy and disinterested to care about how his Dad's legacy is being ruined infront of him.

 

Seagrave gives us massive potential and we're not utilising it. They need to get the Womens team there too. 

Edited 9 January by AKCJ

[Babylon]

13 minutes ago, ClaphamFox said:

I was curious so I checked. Everton's first PSR hearing was held between 16-20 October 2023 and their initial 10-point deduction was handed out on 17 November—exactly four weeks after the hearing concluded. Everton's second PSR hearing was held between 25-27 March 2024 and their punishment was announced on 8 April, around two weeks later.

 

Forest's hearing was held between 7-8 March 2024 and their four-point deduction was announced on 18 March, 10 days later.

 

Our hearing concluded seven weeks ago and we still haven't heard the outcome. Now obviously we've had Christmas and New Year during that time, which may account for some of the delay. But I don't think it can account for all of it. Is our case proving to be more complicated than the others? Are there complex legal discussions taking place over the wording of the rules and therefore the appropriate punishment? I have no idea but I'm interested to know why the verdict in our case is taking much longer to arrive than in previous cases.

When we WON our cases last time, it took a long time for the results to be published. eg. EFL statement came about result on the 6th Marc 2024. The panel looking at it told the EFL about their decision on the 16th January 2024. Then even directed the league to make the statement decision public on or as soon as practical after the 2nd Feb (They waited another month). The club the league and the panel had all agreed to keep the decision quiet until the closure of the transfer window. 

"The Panel directs at the joint request of the parties that, until closure of the January

transfer window on 1 February 2024, the fact and content of this Decision shall

remain confidential between the parties and their legal advisors and shall not, without

the prior written consent of the Panel, be disclosed to any third parties.

67. The Panel directs that on, or as soon as practicable after, 2 February 2024, the EFL

shall publish this Decision on its website."

There was backwards and forwards with difference evidence for about a month, with a final oral hearing on the 11th January 2024 in that case. 

It could very well be that we've once again won our case and thus, we are just awaiting the release of the details. If a points deduction HAD been decided on, I'd presume for the benefit of other clubs, they'd have to release that instantly. 

There could of course be other reasons, we are still submitting evidence, we've found other loop holes. Who knows...

[Claudio Fannieri]

28 minutes ago, AKCJ said:

 

Seagrave was always a long term strategy to mop up the great talents the midlands has to offer. Monga, Evans, Page, Aluko, Hutchinson etc are all products of an academy that we might not have had without Seagrave.

 

I think if you give Seagrave to a competent DoF with a real vision of how Leicester City should behave, the sort of players we should sign, the style of play we should aspire to etc then I think you'd see us get back to being a consistent top half Premier League team.

 

Seagrave has never been an issue. The issue has always been Rudkin who is too incompetent to properly manage the running of the club and Aiyawatt who is too lazy and disinterested to care about how his Dad's legacy is being ruined infront of him.

 

Seagrave gives us massive potential and we're not utilising it. They need to get the Womens team there too. 

Absolutely agree, Seagrave is a world class facility and one as a club we should be very proud of as it’s a massive selling point and given the facilities it should be set us aside and help drive massive improvements in our analysis and sports science. 
 

It’s just such a frustration it has coincided with such a massive drop off in standards, and culture throughout the club which has meant that we are now in position where we have these world class facilities and yet we are a mid table championship club with a very average manager/head coach, a squad that is short on genuine talent and aligned to the club also massively struggling from a financial aspect as well. 

[Claudio Fannieri]

24 minutes ago, Babylon said:

When we WON our cases last time, it took a long time for the results to be published. eg. EFL statement came about result on the 6th Marc 2024. The panel looking at it told the EFL about their decision on the 16th January 2024. Then even directed the league to make the statement decision public on or as soon as practical after the 2nd Feb (They waited another month). The club the league and the panel had all agreed to keep the decision quiet until the closure of the transfer window. 

"The Panel directs at the joint request of the parties that, until closure of the January

transfer window on 1 February 2024, the fact and content of this Decision shall

remain confidential between the parties and their legal advisors and shall not, without

the prior written consent of the Panel, be disclosed to any third parties.

67. The Panel directs that on, or as soon as practicable after, 2 February 2024, the EFL

shall publish this Decision on its website."

There was backwards and forwards with difference evidence for about a month, with a final oral hearing on the 11th January 2024 in that case. 

It could very well be that we've once again won our case and thus, we are just awaiting the release of the details. If a points deduction HAD been decided on, I'd presume for the benefit of other clubs, they'd have to release that instantly. 

There could of course be other reasons, we are still submitting evidence, we've found other loop holes. Who knows...

Welcome back Babs 

[Spudulike]

55 minutes ago, ClaphamFox said:

I was curious so I checked. Everton's first PSR hearing was held between 16-20 October 2023 and their initial 10-point deduction was handed out on 17 November—exactly four weeks after the hearing concluded. Everton's second PSR hearing was held between 25-27 March 2024 and their punishment was announced on 8 April, around two weeks later.

 

Forest's hearing was held between 7-8 March 2024 and their four-point deduction was announced on 18 March, 10 days later.

 

Our hearing concluded seven weeks ago and we still haven't heard the outcome. Now obviously we've had Christmas and New Year during that time, which may account for some of the delay. But I don't think it can account for all of it. Is our case proving to be more complicated than the others? Are there complex legal discussions taking place over the wording of the rules and therefore the appropriate punishment? I have no idea but I'm interested to know why the verdict in our case is taking much longer to arrive than in previous cases.

Perhaps this is another Man City situation that will be kicked into the long grass as it's just too difficult ?

[Fox92]

On 04/01/2026 at 16:28, Sky Blues said:

I don't want promotion. I don't want to be in the Prem. I'm going to miss the quality of the games if we go up. Trying to stay in the Prem is what did us last time. At least we'll only be gone for 9 months. 

Being in the top flight is what it's about. Filled grounds, full away ends and you get to see the greatest players in the flesh. A whole generation of your fanbase hasn't even seen you at that level before.

 

Trying to stay there seems to be working fine for Sunderland and Leeds. Don't let people tell you that you'll be bottom with 0 points this time next year.